Diginex (NASDAQ:DGNX) Trading Up 13.2% – What’s Next?

Diginex Limited (NASDAQ:DGNX) rose 13.2% during trading on Tuesday . The company traded as high as $2.85 and last traded at $2.74. Approximately 1,184,955 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 1,983,024 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Diginex Stock Down 18.4%

The company has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $10.68.

Institutional Investors Weigh In On Diginex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in Diginex in the 3rd quarter valued at about $168,000. NewEdge Advisors LLC purchased a new stake in shares of Diginex during the 3rd quarter valued at approximately $38,000. Armistice Capital LLC purchased a new stake in shares of Diginex during the 3rd quarter valued at approximately $144,000. PharVision Advisers LLC acquired a new position in Diginex in the third quarter valued at approximately $262,000. Finally, Quarry LP purchased a new position in Diginex in the third quarter worth approximately $44,000.

Diginex Company Profile

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.